Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Tidbits -- Ignore unavailable to you. Want to Upgrade?

To: edamo who wrote (251)	6/16/2000 10:14:00 AM
From: PAL	Read Replies (1) \| Respond to of 1115

Ed ... syner 12 month target of 50 for qcom is as far fetched as piecyk target of 250. When the stock was around 180, people was lining up about a block long to open an account at a brokerage firm. I asked what stock they were going to buy? They said: Qualcomm. Then I said: but, it is already 180, is that not too high? The answer was: I am not worried because it would hit 250 as the projection of an analyst. now at 60+, people are shying away. the brokerage firm is empty. stock is on sale but no takers. if macy's has some dresses on sale 50% off, you could see the crowd. it will be a missed opportunity not to get in the 60+ as it was a missed opportunity to those who did not to sell at 175+. yes i also got assigned on the jan02/200 option sold at 130+, so in essence i am paying 69 1/2 for qcom. this is the risk that i was willing to take for that ditm put, and i am not complaining. the volatility will continue today and until the end of the quarter due to window dressing. best regards paul